Show BIG consolidation PLANNED announcement is made in spokane that the kendall mining company controlled by finch campbell of this city which is to be consolidated with the north moccasin company headed by john A drake of new york in march will resume the disbursement of dividends within ninety days the kendall company paid more than in dividends up to last october when the consolidation is brought about it will be on the basis of the measurable ore reserves and the value of the equipment of each property on the date of the merger developments at the kendall mine in fergus county montana will be followed with the keenest interest during the next two months by holders of its stock the kendall has a valuable reduction plant a power plant water rights but the ore reserves in the kendall mine have at present a problematical value the north moccasin has little equipment but its ore reserves are enormous reliable reports from the kendall have it that most of the ore above the foot level has been mined out A shaft was put down to the foot level at which the crosscut was run towards the ore body this crosscut found the lead several months ago it dipped sharply away from the shaft and it is reported that a large body of 7 ore was opened up the double compartment shaft was then put down to the foot level but so far it is understood no finds of importance have been made mad e in the lower workings the main ore deposit in all probability lies still further ahead of the face of the crosscut cross cut for the vein evidently continues to dip sharply away from the shaft if the crosscut on the GOO foot level runs into the ore prior to the date of consolidation with the north moccasin the merger will result far more advantageously for owners of kendall stock than if the find nd is s not made for the new ore reserves that would be opened up and the value of the kendall equipment and power site would probably more than offset the ore reserves of the north moccasin the kendall mill has been running on north moccasin ore during the last year |